Upwork Correlations

UPWK Stock

USD 13.32 0.41 2.99%

The current 90-days correlation between Upwork Inc and BW LPG Limited is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Upwork moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Upwork Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Upwork Correlation With Market

Good diversification

The correlation between Upwork Inc and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upwork Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Upwork Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Upwork Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Upwork Stock

0.86	FA	First Advantage Corp Earnings Call This Week	Pair Corr
0.7	BB1	Barrett Business Services Earnings Call This Week	Pair Corr
0.78	1RH	Recruit Holdings	Pair Corr
0.87	ADP	Automatic Data Processing	Pair Corr
0.77	KFY	Korn Ferry	Pair Corr
0.75	NSP	Insperity	Pair Corr
0.8	KFY	Korn Ferry	Pair Corr
0.74	ASF	Insperity	Pair Corr
0.65	1RHA	RECRUIT HLDUNSPADR/02	Pair Corr

Moving against Upwork Stock

0.38	STAF	Staffline Group Plc	Pair Corr
0.37	OSU	STAFFLINE GROUP LS	Pair Corr
0.34	HIT	Hitech Group Australia	Pair Corr
0.35	KELYB	Kelly Services B	Pair Corr
0.35	MNZ	GATTACA PLC LS	Pair Corr
0.55	RTC	RTC Group plc	Pair Corr

Related Correlations Analysis

	BWLP	TRTN-PC	PSIX	SBLK	NSP	RHI	HUBG	AMRC	ALG
BWLP		0.47	0.87	0.92	-0.07	0.31	0.42	0.06	0.94	BWLP
TRTN-PC	0.47		0.62	0.27	0.42	0.26	0.69	-0.43	0.62	TRTN-PC
PSIX	0.87	0.62		0.79	-0.02	0.14	0.44	0.11	0.93	PSIX
SBLK	0.92	0.27	0.79		-0.18	0.23	0.31	0.33	0.83	SBLK
NSP	-0.07	0.42	-0.02	-0.18		0.56	0.75	-0.36	0.11	NSP
RHI	0.31	0.26	0.14	0.23	0.56		0.69	-0.3	0.38	RHI
HUBG	0.42	0.69	0.44	0.31	0.75	0.69		-0.33	0.57	HUBG
AMRC	0.06	-0.43	0.11	0.33	-0.36	-0.3	-0.33		-0.02	AMRC
ALG	0.94	0.62	0.93	0.83	0.11	0.38	0.57	-0.02		ALG
	BWLP	TRTN-PC	PSIX	SBLK	NSP	RHI	HUBG	AMRC	ALG

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ALG	+ 0.94	BWLP
ALG	+ 0.93	PSIX
SBLK	+ 0.92	BWLP
PSIX	+ 0.87	BWLP
ALG	+ 0.83	SBLK
SBLK	+ 0.79	PSIX

High negative correlations

AMRC	- 0.43	TRTN-PC
AMRC	- 0.36	NSP
AMRC	- 0.33	HUBG
AMRC	- 0.3	RHI
NSP	- 0.18	SBLK
NSP	- 0.07	BWLP

Risk-Adjusted Indicators

There is a big difference between Upwork Stock performing well and Upwork Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Upwork's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BWLP	1.61	0.50	0.25	2.32	1.46	(1.88)	4.02	(2.78)	7.74
TRTN-PC	0.30	0.02	(0.06)	0.27	0.42	(0.30)	0.68	(0.64)	2.46
PSIX	4.02	0.54	0.16	0.26	3.60	(5.09)	7.99	(5.74)	24.16
SBLK	1.41	0.42	0.18	2.26	1.77	(1.54)	3.15	(2.54)	9.64
NSP	2.60	(0.44)	0.00	(0.17)	0.00	0.00	4.91	(8.14)	23.28
RHI	2.33	0.01	0.00	0.06	2.97	(2.73)	4.39	(6.45)	35.78
HUBG	1.70	0.27	0.06	1.09	3.56	(1.72)	4.32	(2.00)	22.86
AMRC	2.45	0.04	0.03	0.07	3.01	(2.62)	4.66	(4.48)	17.94
ALG	1.26	0.31	0.25	0.35	0.99	(1.51)	3.58	(2.03)	9.68

Upwork Corporate Management

Dave Bottoms	General Marketplace	Profile
Sabrina Mekhalfa	Chief Officer	Profile
Jacob McQuown	Chief Officer	Profile
Sunita Solao	Chief Officer	Profile
David Niederman	Vice Relations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC